$FOLKS experienced a clear long liquidation near $11.04, indicating trapped buyers after a failed push higher. Price rejected sharply from the upper range and broke below short-term support. This suggests exhaustion at the top and opens room for further downside.
Momentum favors sellers below the $11.30 resistance.
EP (Entry Price): $11.00 – $11.20
TP (Targets):
TP1: $10.60
TP2: $10.10
TP3: $9.40
SL (Stop Loss): $11.60
Trend remains bearish until buyers reclaim and hold above $11.60.
FOLKSUSDT
Perp
10.74
-48.86%